Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Basic Finance Expert

You need a new car and the dealer has offered you a price of $20,000, with the following payment options:

(a) pay cash and receive a $2000 rebate, or (b) pay a $5000 down payment and finance the rest with a 0% APR loan over 30 months. But having just quit your job and started finance the rest with a 0% APR loan over 30 months. You plan to use credit cards to pay your expenses; luckily you have one with a low (fixed) rate of 15% APR (monthly). Which payment option is best for you?

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M924165

Have any Question? 


Related Questions in Basic Finance

1 how can leasing allow a firm to effectively depreciate

1. How can leasing allow a firm to effectively "depreciate" land? 2. What effect does leasing have on the stability of a firm's reported earnings? 3. It has been argued that leasing is almost always more expensive than b ...

1 what does a z score below 2675 indicate according to the

1. What does a Z score below 2.675 indicate, according to the Altman model? 2. Indicate a practical problem with computing a Z score for a closely held firm. 3. No conclusive model has been developed to forecast financia ...

1 from a tax perspective what primary requirements in a

1. From a tax perspective, what primary requirements in a lease transaction must be met in order for the IRS to consider the transaction a genuine lease? Why is a favorable IRS ruling regarding the tax status of a lease ...

Cost of common equity with flotationbanyan cos common stock

Cost of Common Equity with Flotation Banyan Co.'s common stock currently sells for $42.00 per share. The growth rate is a constant 11.2%, and the company has an expected dividend yield of 3%. The expected long-run divide ...

A small firm makes three similar products which all follow

A small firm makes three similar products, which all follow the same three-step process, consist- ing of milling, inspection, and drilling. Product A requires 12 minutes of milling, 5 minutes for inspection, and 10 minut ...

Consider the following values noin1 28 million cap rate 75

Consider the following values. NOIn+1: $2.8 million. Cap rate: 7.5%. Brokerage commission: 3%. Remaining mortgage balance: $12 million. Remaining book value: $14 million. Total depreciation taken: $4.9 million. Recapture ...

Explain the analogy relating irrigation flows to flows of

Explain the analogy relating irrigation flows to flows of funds in the financial system. What happens to a farmer when irrigation water dries up? What happened to businesses in the United States when the flow of funds dr ...

In given problem what if mr nelligan was joined in the

In given Problem, what if Mr. Nelligan was joined in the foreclosure suit but forgot to attend the sale and bid? Does Mr. Nelligan have any other way of getting Ms. Rosen to pay? Problem:- Mort owns a property. Jessica R ...

If us-based mncs are concerned with how shareholders react

If US-based MNCs are concerned with how shareholders react to changes in consolidated earnings, but prefer not to hedge their translation exposure, how might they attempt to reduce shareholder reaction to a decline in co ...

Assignmenti have a project in finance i need done i

Assignment I have a project in finance I need done. I attached the details. There must be NO PLAGIARISM, thank you. The report should be atleast 15 Pages. Objectives Students should familiarize themselves with bonds and/ ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro

Describe what you learned about the impact of economic

Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environmen